The price of BTCUSD is sitting below a horizontal resistance (17200 - 17400) that has been established a month ago. Sellers defend this area. I'm expecting the price to move towards the liquidity zone (yellow box) within the next hours. The upcoming week will be exciting with the PCE & CPI data as well as the FED meeting on Wednesday. I've shared a sheet about the FED meeting on my Twitter - feel free to check it out.
I'm trading this idea as followed
Entry: 17150
Position: Short
Stop Loss: 17240
Target: 16970
Leverage: 3x
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